Meituan Dianping and Bytedance were among the shareholders that committed to investing $380m in a concurrent private placement.

Naspers Ventures-backed Joymode has been saved through an acquisition by XRC Labs, having failed to scale its consumer goods rental service effectively.

Line’s on-demand delivery service has attracted $110m from BRV Capital as it merged with restaurant listings website Wongnai Media.

Sanquan Food-backed convenience store operator Guoquan Shihui has raised $60m in series C funding to bring its total capital to more than $123m.

GPI Capital and JPMorgan Chase have injected $150m into Pharmapacks, whose backers already include Reckitt Benckiser, McKesson, Sealed Air and Emerson Group.

Alibaba-backed e-commerce company Nice Tuan has raised its third funding round this year, adding $80m to its coffers that now contain almost $300m in total.

JD.com and Expedia-backed online travel agency Traveloka has picked up $250m in funding led by an undisclosed investor that could be Qatar Investment Authority.

MNC Media and Sinar Mas-backed fashion e-commerce company Sorabel has run out of cash having already shut down its Philippines-based subsidiary.

The Tencent and Lenovo-backed online grocer has confirmed it has closed a $495m round led by China International Capital Corporation.

The grocery e-commerce platform is set to raise the cash in a Tencent-backed series C-plus round, just weeks after it reportedly lined up $300m in series C financing.